Nokia Oyj

ARTICLES ABOUT NOKIA OYJ BY DATE - PAGE 2

HELSINKI: Nokia Oyj, the world's largest mobile-phone maker, reached a settlement with Turkey regarding financial claims against Telsim Mobil Telekomunikasyon Hizmetleri AS, a mobile-phone company seized from the Uzan family. Nokia will receive a settlement payment, subject to a successful sale of Telsim, the Espoo, Finland-based company said in a statement on Monday. The company gave no financial details. Turkey last week invited offers for Telsim and said it expects to raise $ 2.8 billion from the sale.

Global mobile-phone sales will rise faster than previously expected this year as consumers snap up handsets with cameras and music players and demand increases in countries such as India, researcher Gartner Inc. said. Handset makers including Nokia Oyj and Motorola Inc. will sell 779 million mobile phones in 2005, up 16 percent from 2004, the Stamford, Connecticut-based researcher said in a study. The researcher in May lifted its forecast to 750 million from 720 million.

TOKYO: Sony Ericsson Mobile Communications Ltd, the mobile-phone venture owned by Sony Corp and Ericsson AB, will introduce more models, including cheaper, entry-level phones for markets in India and China. "We're going to increase the number of products this year compared with last year, and aim for the same trend for next year," Jan Wareby, executive vice president of Sony Ericsson said. "We're introducing entry-level phones which are important for markets like India.

HELSINKI: Nokia Oyj, the world's biggest mobile-phone maker, expanded its research and development centre in Beijing to cut costs and lift sales of cheaper phones. The Finnish company plans to design and develop 40 per cent of its cheaper, "entry-level" handsets in the Beijing facility, the company said in a statement. Nokia also started a new research unit in Beijing, focusing on phones that use so-called code-division multiple access technology. Nokia, based in Espoo, Finland, is placing more research jobs in China, where labour costs are smaller than in Europe, to boost profit as revenue sputters.